Public Policy

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I was disappointed to have been unable to make the 2014 Global Entrepreneurship Congress last week in Moscow. It's a historic event, in its fifth year, that gathers startup champions from around the world--entrepreneurs, investors, researchers, thought leaders and policymakers--to work together to help bring ideas to life, drive economic growth and expand human welfare. This kind of annual assembly has contributed to the expansion of a global entrepreneurial ecosystem by connecting experts and entrepreneurs across borders and sectors to unleash their ideas and transform innovation into reality.

The Obama Administration unveiled additional details recently of its FY 2015 budget request, which includes $25 million for a Regional Innovation Strategies Program that will continue coordinated interagency competitions.

I have just returned from the Global Entrepreneurship Congress (GEC) where this year over 5,000 people gathered from 153 countries to talk about starting and scaling new firms. Of note this year was the fact that the gathering was held in Moscow at a time of geopolitical tension around Crimea. Given that the Olympics in Sochi attracted less than 100 nations, the GEC last week provided clear evidence of the powerful role entrepreneurs now play on the global stage.

Congress gets back into full swing this week with a collection of committee hearings on Capitol Hill. The House Small Business Committee has a couple of hearings of interest -- first reviewing the proposed SBA budget for 2015 and then exploring the negative impact occupational licensing has on entrepreneurship and jobs. Other topics covered include: a possible end to the Fed's quantitative easing program, the proposed 2015 budget request for science agencies, bankruptcy reform, cyber security, the international financial system, quantitative easing and improving access to power throughout Africa.

As the day starts in Washington, DC, we are concluding the first of day of the 2014 Global Entrepreneurship Congress. The entrepreneurship communities from 153 countries gathered to bond on their common cause to unleash new ideas, remove roadblocks and solve problems in almost every imaginable realm. Following a welcome from Mayor Sergei Sobyanin, the GEC kicked off with thousands of delegates at the Research + Policy Summit.

Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Today, we take a look at a handful of relevant stories compiled from the last week on Dell's switch from public to private, inequalities brought about by entrepreneurship, the rise of entrepreneurial activity among those over the age of 50, thoughts on the accelerator bubble and serial entrepreneurs.

Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Below, we take a look at a handful of relevant stories compiled from the last week on government support for tech-based innovation and entrepreneurs, patent trolls, the creative economy and a push for stronger patent rights for university faculty.

Last week, President Obama's FY 2015 budget was a key focal point of congressional hearings on Capitol Hill. This week, the focus continues as Congressman Paul Ryan and the House Budget Committee take a look at the President's FY 2015 Revenue and Economic Policy Proposals and the Joint Economic Committee reviews The Economic Report of the President 2014. In non-budget related hearings, the House Judiciary Commitee explores alternative solutions to an internet sales tax and the House Small Business Committee explores the rise of 3D printing and the opportunities it presents for entrepreneurs. Other topics covered by hearings this week include: an upswing in small business manufacturing, innovative ideas to expand the middle class, modernizing the Freedom of Information Act and more.

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